Blog Q&A Calculators Students Contact

Earn under R350,000?Click here to see why you still need to file to get your Tax Refund.

Income

Definition of Income

In a general sense income is the earning or receiving of money or a similar benefit during the tax year. For tax purposes the following definition is applicable -

means the amount remaining of the gross income of any person for any year or period of assessment after deducting therefrom any amounts exempt from normal tax under Part I of Chapter II;

Let TaxTim
help you
submit your
Tax returns!

TaxTim will help you:

Do Your Tax Return Easily

Avoid penalties

Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started